Tag Archives: News

The European Central Bank (ECB) says that it’s potentially looking to release a digital version of the euro fiat currency. The firm is about to hold a two-day annual forum, where plans and structural ideas revolving around the currency will be introduced to the world.The ECB Is Moving Forward with a Digital EuroWe are consistently hearing about the world’s banks looking to digitize fiat currencies. China has already done so and is now preparing to release a digital version of the yuan, while...

Michael Saylor – the CEO of MicroStrategy – says that bitcoin is a thousand times better than gold in a recent interview.Michael Saylor: BTC Beats the Pants Off GoldFor those who may be unfamiliar, MicroStrategy made headlines earlier this year when as a major institutional enterprise, it decided to purchase more than $400 million in bitcoin, making it one of the first institutions to come out and do so. It put all its money into the world’s number one digital currency by market cap, and it...

Bitcoin cash price started a downside correction from the $278 swing high against the US Dollar.The price is now trading above the $250 support and testing the 55 simple moving average (4-hours).There is a major contracting triangle forming with resistance near $260 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could either rally above the $260 resistance or it might dive below the $250 support.Bitcoin cash price is struggling to gain momentum above $260, while...

Is decentralized finance (DeFi) dying? Or here’s a better question… Is the DeFi space on the verge of suffering?The DeFi Space Isn’t as Strong as It Used to BeThese are the thoughts that are likely going through the minds of crypto analysts and industry experts alike at the time of writing. Bitcoin has been the biggest digital hit of 2020, having risen by more than 50 percent since mid-March. The currency is doing better than ever, but it’s come with a catch. All those who were invested in...

Well, the news is out. We’re on the verge of fully developing a coronavirus vaccine. The remedy comes by way of Pfizer, which is one of many companies that have been working on a formula to combat this deadly disease that has been putting certain portions of the world on lockdown for roughly eight months. This is good news to say the least, and yet it appears to have had a negative effect on bitcoin, which seemingly fell by more than $1,000 after the announcement was made.Bitcoin Falls After...

China is proving itself to be a hard nut to crack when it comes to crypto. The country is on the verge of releasing its new digital yuan to the public, and already the nation wants to make sure it doesn’t have any competition to worry about. Thus, it is cracking down on all cryptocurrency exchanges, and it appears another one doing business in China has just shut its doors permanently.China Has Shut Down Another Trading FirmToken Better is a prolific cryptocurrency trading platform based in...

EOS struggled to continue higher above $2.627 and declined recently against the US Dollar.The price is currently trading above the $2.435 support and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $2.552 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could start a strong rally if it clears the $2.552 and $2.620 resistance levels in the near term.EOS price is struggling to gain bullish momentum above $2.600...

Litecoin price started a downside correction after testing the $65.00 resistance against the US Dollar.LTC price is currently testing the $58.00 support and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $60.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to resume its rise if it clears the $60.00 resistance level in the near term.Litecoin price is correcting gains and trading near $58.00 against...

Is bitcoin about to fall behind? This is a question that’s making its way through many analysts’ heads given that over the past several days, bitcoin has hovered in one spot.Bitcoin May Be Encountering a Few BarricadesThe currency is presently trading for around $15,365, which is in the middle of the range it’s been traversing over the past week. Many analysts believed that if bitcoin was retaining its previous momentum, it would have likely hit $16,000 by now, though that isn’t necessarily...

India is looking to potentially set up cryptocurrency-based banks within its borders. This creates a rather interesting scenario in that the country cannot seem to decide if it wants to ban crypto transactions for the future, though until that decision is made, it’s going to cash in on everything crypto has to offer.Will India Have a Ban or Won’t It?Recently, the ban that was in place in India – one that prevented banks from working with crypto-based businesses and applications – was deemed...